Scheme of Control Statement
For the year ended 31 December 1996
Note
1996
HK$'m
1995 HK$'m
2
523.7
463.1
Profit after taxation of the Company
Adjustment for items not ranking for Control Scheme purpose:
Items not ranking for Scheme of Control
3
(34.2)
(36.8)
Interest at up to 8% per annum on borrowed capital
1c(ii)
31.1
27.8
Profit for Control Scheme purpose
Transfer from/(to) Development Fund
520.6
454.1
4
1.8
(1.9)
Permitted Return for the year
(net of concessions for senior citizens)
5
522.4
452.2
Less: Interest at 8% per annum on average balance of the
Development Fund
1c(i),4
0.1
0.1
Interest at up to 8% per annum on borrowed capital
1c(ii)
31.1
27.8
Net Return for the year
Add: Items not ranking for Scheme of Control
491.2
424.3
34.2
36.8
Profit attributable to Shareholders
Accumulated shortfall of Permitted Return
Brought forward from previous years and carried
forward to next year
Approved by the Board of Directors on 10 April 1997
PC Woo
Chairman
John Chan Cho Chak
Managing Director
63
525.4
461.1
44.4
44.4